It's been a tough couple of years for Roblox (NYSE: RBLX) shareholders. Shares of the online game platform are down 80% from their late-2021 peak and are knocking on the door of new record lows. The shares accelerated their sell-off late last month, plunging in response to last quarter's results. Revenue fell short of estimates, and its expenses are growing too quickly.

Take a step back and look at the bigger picture, though. While the company's still got a great deal to figure out, Roblox is quickly becoming the go-to metaverse platform for organizations looking to build immersive, interactive consumer experiences. It's going to be a much bigger -- and likely more profitable -- outfit five years from now.

There's no denying the metaverse hasn't become the game-changing technology it was supposed to be when the idea was first touted (mostly by Facebook parent Meta Platforms) just a few years ago.

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Source Fool.com